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Tag Archives: probate

The Oregonian published an article on Saturday on the topic of beneficiary designations for different investment/savings vehicles. This article was written around a case where the father, Timothy Freed died intestate (without a will) and inadvertently left his entire IRA account to his ex-girlfriend of many years. He had broken up with her in a “very bitter parting” eleven years before his death. After their split, he revoked the will that left her some of his property and he even had a court order stating that she had “no right or interest” in Freed’s retirement account. Given all of these measures, how does one inadvertently leave someone their entire IRA account? The answer is by not updating the beneficiary designation that is made on the account when it is created. Continue reading →